Public Cloud Market To Grow 30% In India
The public cloud services market in India is expected to grow nearly 30% in 2014 to total $550 million, an increase of $127 million from an estimated 2013 revenue of $423 million, according to Gartner.
The research firm predicted spending on software as a service (SaaS) will total $218 million in 2014, growing 30.3% from 2013 through 2014.
Gartner predicts that from 2013 through 2017, $4 billion will be spent on cloud services in India. SaaS is the largest overall cloud market segment, followed by infrastructure as a service (IaaS), totally $76 million in 2014 and business process as a service (BPaaS), totally $73 million over the same period.
“The market for public cloud services in India continues to expand at rates outpacing much of the rest of the world,” said Ed Anderson, research director at Gartner. “Increased demand for the business benefits and cost efficiencies will drive growth uniformly across virtually all cloud market segments through 2017.”
BPaaS is expected to grow from $61.9 million in 2013 to $154 million in 2017. SaaS is expected to grow from $167 million in 2013 to $507 million in 2017, and IaaS is forecast to grow from $58 million in 2013 to $217 million in 2017.
The Indian market is expected to be one of the fastest growing countries in Gartner’s cloud forecast. IT spending on public cloud services in India is expected to reach $1.3 billion in 2017, Gartner said in an earlier report.
Meanwhile, experts believe despite cloud services gaining momentum in India, data security and lack of control are some of the issues that are detering its growth in the country. “Increased bandwidth and network costs are currently the key factors for the slow growth of cloud computing in the country,” notes an IDC report that expects public clouds to mature and eventually integrate many of the features - primarily security and availability – those that made private cloud an attractive option.
At the same time, there are a number of positive developments taking place in the country to fuel cloud adoption. The establishment of a Cloud Computing Innovation Council in India by the IEEE Standards Association last year, that also included industry experts and members of other professional bodies and academia, is expected to fuel technological innovations in this space. The government of India is already driving several cloud-computing projects under the guidance of the Department of Electronics & Information Technology (DeitY).
According to Gartner, these and many more such initiatives will continue make India one of the fastest growing countries in terms of cloud adoption and usage in the coming years.
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